Leicester one of the strongest housing markets in the UK

Leicestershire is a great place to own a home

Phillips George Partner, Clare Phillips gives the insider story on the upturn of the housing market in Leicester as business booms, and considers the question; is now a good time to sell and buy your home in Leicester?

Amid all the political turmoil of the last few years, and although there is still a lot of dust to settle,  The UK leaving the EU on 31st January has brought some stability to the housing market, and there is a new confidence on the street, which has not been seen for some time. Buyers and sellers, who have both been in short supply are getting ready for action. In our last article we mentioned that Leicestershire has performed better than most counties over the past year, and that trend is set to continue with a quiet optimism in the area.

Zoopla* is a great source of information on the housing market and Richard Donnell, research and insight director sees Leicester as one of the best performing areas in the UK in the year 2018 – 2019.

“Whilst the first few weeks of the year always see a return of home buyers to the housing market, demand for housing at the start of 2020 is 26% higher than over the last two years.”

Leicester house prices increased by 4.7% last year, with an average house price of £181,000. Only Edinburgh and Nottingham have performed better. London house prices increased by a paltry 2%.

Graph showing Leicester housing market performance over the past year

A buzz around the Leicester housing market

Clare Phillips said; “We have been encouraged by strong growth and quick sales over the New Year, which is traditionally a quiet time for sales. We are seeing an active market in all our core sales areas; Leicester, Oadby, Wigston, Knighton, Blaby and Countesthorpe.”

“This is great for us as a business, and great for the community in the area. We can look forward with confidence to a good period.”

*Of course, your house will be advertised on Zoopla when you sell with Phillips George, as well as RightMove and onTheMarket.com

If you would like us to carry out a valuation of your property, please call us on 0116 216 8178 or email our team on [email protected].

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Clare Phillips

Clare Phillips

Partner

Clare has been in the industry since 1998. Her career started as an administrator and she has worked through each role in estate agency from negotiator, sales progressor, valuer, manager and culminating in opening Phillips George as a co-founding partner. Through Clare’s career she has obtained professional qualifications with both NAEA (national association of estate agents) and ARLA (association of residential letting agents) to ensure that she delivers a first class service to all of her clients. Clare’s favourite part of estate agency and lettings is helping customers achieve their goals and making the process as smooth as possible for them.


 

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